If you’re on the hunt for new ways to improve the value of your home, then we’ve got a list of some of the easiest ways to do just that. Improving your home’s value is now more important than ever with house prices expected to continue falling over the next few years. This makes getting as much out of your home vital to ensure you can afford your dream property when the time comes to move.
Some of these jobs can be done yourself but the ones that add the most value may require professional help depending on your expertise. Read on to learn more about the best ways to improve the value of your home.
Your budget and how you’ll fund it
Before deciding which of the following renovations you want to do, it’s important to decide on your budget to make sure you can afford to make the changes. Once you have your budget in mind, you’ll be able to get quotes from tradespeople to see what fits your price range.
You’ll most likely take out a loan or use a savings account to fund your renovation, but if you want to access more money then consider equity release to increase your budget for a renovation.
What changes add the most value?
Fix structural issues
Any structural problems with a home will need to be rectified before your house goes on the market. These issues can be picked up on when surveyors visit the home and could lead to potential buyers asking you to drop your asking price. Any recent fixes to the structure of the home can also be advertised in your listing, which may lead to people bidding more for your home.
Convert your loft
It’s believed that a loft conversion can add as much as 20% to the value of your home, making it a worthwhile job to do. This can add an extra bedroom, home office or entertainment room, which are all attractive to people viewing your house. These can have a large upfront cost, but there’s a high chance you’ll make plenty of extra money when you sell up because of it.
Upgrade your kitchen
Some believe that the kitchen is the heart of the home and so, you should make sure it looks great! Try modernising it with lovely marble countertops and add an island for an extra layer of class. This should improve the overall look of the home, which will wow prospective buyers during viewings and a recently renovated kitchen will mean they won’t need to fork out extra money to upgrade it when they move in either.